Bulls won yesterday’s screen game with 22 buy signals and 16 sell signals. That compares with Wednesday’s 34 buys to 12 sells. We’ve had a couple days of 45 to 56 sell signals over the past 10 days, But that’s still well below the the thrust of the 155 buy signals that started the 6 month cycle up…
Lee’s Free Thinking
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Lee's Free Thinking
TA Is Easy – All Patterns are Bullish 5/7/21
by Lee Adler • • 0 Comments
On the daily charts, anyway.
One day, it will break, and it will be all over.
For now, we look at shit like this and see patterns that would have been frighteningly bearish in the good old days when markets were markets, turn up.
The…
Lee's Free Thinking
Bulls Win Yesterday
by Lee Adler • • 0 Comments
Bulls won yesterday’s screen game with 34 buy signals and 12 sell signals. That reverses Wednesday’s output. That score was 10 buys to 38 sells. We’ve had a couple days of 45 to 56 sell signals over the past 10 days, But that’s still well below the the thrust of the 155 buy signals that started the…
Lee's Free Thinking
Trade the 30 Second Bars, There Is No Longer Term 5/6/21
by Lee Adler • • 0 Comments
First, the 2 hour bars. I mean, what is this? Meatgrinder? Veg-o-matic? Slice and Dice? Shake and Bake? Swing Trader’s Nightmare? Day Trader’s Delight?
Lee's Free Thinking
Bears Win Yesterday’s Screen Game, Bulls Say It’s Just a Flesh Wound
by Lee Adler • • 0 Comments
Bears took yesterday’s screen game with 38 sell signals and 10 buy signals. That reverses Monday’s output, It’s just a flesh wound.
Lee's Free Thinking
Who Knows Where Stops Lurk in the Hearts of Men, The Dealers Know 5/4/21
by Lee Adler • • 0 Comments
Call it a pothole. Call it a mini flash crash. We’ve had a few of these lately, and yesterday’s was epic.
I call it, Dealers Shake the Trees. They’re low on inventory because of relentless customer buying. They needed to shake some loose before t…
Lee's Free Thinking
Right Shoulder Higher Than Left Is Bullish 5/4/21
by Lee Adler • • 0 Comments
They’ve been zigging and zagging, and shaking and shucking. The dealers are trying to shake the tree, I think, as the US Treasury continues to pour phenomenal amounts of money into the markets, on top of the Fed’s QE.
Meanwhile, they’re trying to…
Lee's Free Thinking
O Holey Market 4/20/21
by Lee Adler • • 0 Comments
This market is full of potholes! Drive defensively!
Lee's Free Thinking
Bulls Win Yesterday’s Screen Game in Low Scoring Yawner 4/29/21
by Lee Adler • • 0 Comments
Bulls took yesterday’s screen game with 17 buys and 12 sells.
This is swing trade buy signals vs. sell signals from yesterday’s action.
These are very low numbers. The market is apparently riding the residual momo from…
Lee's Free Thinking
Repeat Tuesday’s Headline 4/29/21
by Lee Adler • • 0 Comments
Remember this oldy but goody? 4220 or Bust 4/27/21
The new 2-3 day cycle projection is 4210. Can’t make a precise 5 day cycle projection, but if the market doesn’t pull back much before NY opens, we’d be looking at around 4225-30. The codpiece pattern has broken out, with a projection of…
